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<br />'. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />'. <br /> <br />. <br /> <br />. <br /> <br />NTE :myr <br />7-17-85 <br /> <br />RESOLUTION NO. 85-l2 <br /> <br />A RESOLUTION OF THE HOUSING AUTHORITY OF THE <br />CITY OF SANTA ANA RELATING TO THE ISSUANCE <br />OF BONDS FOR THE PURPOSE OF FINANCING THE ACQUISITION <br />AND CONSTRUCTION OF VARIOUS MULTI-FAMILY RESIDENTIAL <br />RENTAL PROJECTS AND RELATED FACILITIES <br /> <br />WHEREAS, the Housing Authority of the City of Santa <br />Ana (the "Authority") is authorized to issue þonds pursuant <br />to the provisions of California Health and Safety Code, <br />Division 24, Part 2, Chapter 1 and, in particular, Section <br />34312.3 of said Code (the "Law") for the purpose of pro- <br />viding financing for the acquisition, construction and <br />development of multi-family residential rental projects <br />located within the Authority; <br /> <br />WHEREAS, the various property owners and/or developers <br />listed in Exhibit A hereto (collectively, the "Developers") <br />have requested the Authority to issue and sell its revenue <br />bonds pursuant to the procedures specified in the Law for <br />the purpose of financing the acquisition and construction of <br />certain land and facilities consisting of multi-family . <br />residential rental projects and underlying land and related <br />and appurtenant facilities located at the respective addresses <br />set forth in Exhibit A (collectively, the "Projects") to Þe <br />acquired and constructed by the Developers within the <br />Authority, and the Authority wishes to induce the Developers <br />to acquire, construct and develop the Projects within the <br />Authority; and <br /> <br />WHEREAS, it is in the pUÞlic interest, for the public <br />Þenefit and in furtherance of the public purposes of the <br />Authority that the Authority authorize the Bonds for the <br />aforesaid purposes; <br /> <br />NOW, THEREFORE, BE IT RESOLVED Þy the Housing Authority <br />of the City of Santa, as follows: <br /> <br />1. The Authority hereÞy authorizes the issuance and <br />sale of the Bonds pursuant to the procedures specified in <br />the Law in an aggregate principal amount not to exceed <br />$7,900,000.00 for the purpose of providing financing for the <br />acquisition, construction and improvement of the Projects as <br />set forth in Exhibit A. Such authorization shall be for the <br />'purpose of inducing the Developers to undertake the Projects <br />and, in particular, to do so at the aforesaid respective <br />locations. <br />